USDA Vs. FHA your options comparison in Danville, Vermilion County, IL

In 2025, the USDA loan limit for Danville, within the county of Vermilion, IL, is $336,500, compared to an FHA loan limit of $472,030 for a single-family home.

Utilize the Lendersa® USDA loan calculator to compare the competitive rates of USDA and FHA loans today. It analyzes income, credit, reserves, and necessary documents for qualification. This advanced tool provides a side-by-side comparison of USDA, FHA, Conforming, and VA options to help you choose the best fit for your financial situation in .

Explore loan offers from 100 lenders

Loan limits and down payment requirements for 2025 in Danville, county of Vermilion, IL

Loan Type Loan Limit Down payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Options for USDA and FHA loans in Danville, IL

Lendersa® aims to provide you with the optimal USDA or FHA loan quickly and with ease. You can begin with one of three options to find matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

USDA Loans in IL Explained

The USDA home loan, backed by the Department of Agriculture, often referred to as a USDA rural development loan or USDA mortgage, is meant for rural areas only. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans require none.

Enter your location to find out if it qualifies for USDA rural housing loan?



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